L’Oréal Plans Largest Deal: $2.52Bn For Aesop
L’Oréal plans to acquire Australian luxury beauty brand Aesop from Natura & Co. in third quarter, subject to regulatory approvals, marking its biggest acquisition to date.
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Cosmetics News: Natura Sells The Body Shop; e.l.f. Launches Roblox Experience; DIY Nailbot STEM Kit; More
Natura says its sale of The Body Shop to international private equity group Aurelius – following its divestiture of Aesop to L’Oreal in a deal that closed in August – is another step toward simplifying operations and refocusing on strategic priorities. More cosmetics news.
L’Oréal’s Lancôme Brand Store on Amazon, launched in early 2023, is a powerful new digital platform where early data suggest 75% of shoppers are new to the brand, said CEO and director Nicolas Hieronimus during the firm’s 19 October third-quarter earnings presentation.
L’Oreal’s organic top-line growth has been 8.2% on a compound annual basis since the start of 2019. The beauty giant’s overall net sales totaled roughly €3.74bn for the first half of 2023, an increase of 13.3% like-for-like, reflecting outstanding, broad-based performances across the business.